BMO Capital Alphabet (Google) · GOOGL

BMO Capital Lowers Alphabet Price Target to $425

Analyst: Brian Pitz 1 min read Reproduced verbatim
Rating
Outperform
Target
$425
from $480 (−11%)
Upside
+50%
GOOGL at $283 today
BMO Capital and Alphabet (Google) logos

What the analyst said

BMO Capital analyst Brian Pitz lowered the price target on Alphabet (NASDAQ: GOOGL) to $425 (from $480) while maintaining an Outperform rating.

“Messiness for sure, but all is not lost; GOOGL’s Q3 print was messy.

Search missed/guided down, margins missed on higher AI compute costs, cash burns worsened, capex was reiterated to be up significantly next year and $27B remains on the ATM.

Bears definitely win this round – so where’s the silver lining: underlying Search engagement is actually accelerating due to AI, though is undermonetizing, and we believe investors are awarding little/no credit for TPU EBIT to hit the model next year.

Lowering ests which lowers our target.

The Q4/Q1 Search comps are admittedly challenging but we stick with the OP on Search’s forward engagement indicators pushing back on secular concerns and underappreciated TPU margin upside in ’27/’28.”

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Where the price stands

GOOGL trades at $283. The 31 analysts who set a target in the last 3 months range from $300 to $485, with a median of $400. This $425 target is 6% above the median.

12-month window: day 0 of 365, closes on October 29, 2027.

Track record

This callOpen: a 12-month target, scored on October 29, 2027, a year after the note.

Firm track recordToo early to score BMO Capital: price targets are 12-month calls and fewer than 5 of its targets are a year old. 6 of its 18 open targets have already been reached. How we score

Earnings reactionOne of 25 notes after Alphabet (Google)’s Oct 28 results: 0 raised · 21 cut · 3 kept. See every call →

BMO Capital on Alphabet (Google)

BMO Capital price targets on Alphabet (Google)

5 calls from July 17, 2026 to October 29, 2026. The target went from $455 to $425 (−7%). The rating stayed Buy.

BMO Capital targetGOOGL share price
  1. October 29, 2026 This noteTarget cut from $480 (−11%)Buy$425
  2. October 20, 2026Target raised from $465 (+3%)Buy$480
  3. October 9, 2026Rating only, no price targetBuyNo target
  4. July 23, 2026Target raised from $455 (+2%)Buy$465
  5. July 17, 2026Earliest call shownBuy$455
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Other analysts on Alphabet (Google)

TD CowenBuy Cut price target −5%, kept rating Oct 29 $460from $485 CantorBuy Cut price target −17%, kept rating Oct 29 $350from $420 RBC CapitalBuy Cut price target −6%, kept rating Oct 29 $400from $425 UBSHold Cut price target −13%, kept rating Oct 29 $332from $380 Piper SandlerBuy Cut price target −14%, kept rating Oct 29 $345from $400
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.